Guangdong Xinbao Electrical Appliances Holdings Co Ltd (002705) - Net Assets
Based on the latest financial reports, Guangdong Xinbao Electrical Appliances Holdings Co Ltd (002705) has net assets worth CN¥8.59 Billion CNY (≈ $1.26 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥15.45 Billion ≈ $2.26 Billion USD) and total liabilities (CN¥6.86 Billion ≈ $1.00 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check 002705 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥8.59 Billion |
| % of Total Assets | 55.57% |
| Annual Growth Rate | 16.55% |
| 5-Year Change | 37.63% |
| 10-Year Change | 253.9% |
| Growth Volatility | 16.8 |
Guangdong Xinbao Electrical Appliances Holdings Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Guangdong Xinbao Electrical Appliances Holdings Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002705 total assets for the complete picture of this company's asset base.
Annual Net Assets for Guangdong Xinbao Electrical Appliances Holdings Co Ltd (2009–2024)
The table below shows the annual net assets of Guangdong Xinbao Electrical Appliances Holdings Co Ltd from 2009 to 2024. For live valuation and market cap data, see Guangdong Xinbao Electrical Appliances H (002705) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥8.40 Billion ≈ $1.23 Billion |
+8.64% |
| 2023-12-31 | CN¥7.73 Billion ≈ $1.13 Billion |
+8.83% |
| 2022-12-31 | CN¥7.10 Billion ≈ $1.04 Billion |
+15.41% |
| 2021-12-31 | CN¥6.16 Billion ≈ $900.81 Million |
+0.86% |
| 2020-12-31 | CN¥6.10 Billion ≈ $893.11 Million |
+41.02% |
| 2019-12-31 | CN¥4.33 Billion ≈ $633.30 Million |
+10.48% |
| 2018-12-31 | CN¥3.92 Billion ≈ $573.22 Million |
+4.72% |
| 2017-12-31 | CN¥3.74 Billion ≈ $547.38 Million |
+40.36% |
| 2016-12-31 | CN¥2.67 Billion ≈ $389.97 Million |
+12.28% |
| 2015-12-31 | CN¥2.37 Billion ≈ $347.34 Million |
+8.74% |
| 2014-12-31 | CN¥2.18 Billion ≈ $319.42 Million |
+65.24% |
| 2013-12-31 | CN¥1.32 Billion ≈ $193.31 Million |
+11.60% |
| 2012-12-31 | CN¥1.18 Billion ≈ $173.21 Million |
+11.79% |
| 2011-12-31 | CN¥1.06 Billion ≈ $154.94 Million |
+11.68% |
| 2010-12-31 | CN¥948.09 Million ≈ $138.74 Million |
+12.30% |
| 2009-12-31 | CN¥844.21 Million ≈ $123.53 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Guangdong Xinbao Electrical Appliances Holdings Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1412.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.15 Billion | 62.38% |
| Common Stock | CN¥811.88 Million | 9.83% |
| Other Comprehensive Income | CN¥535.93 Million | 6.49% |
| Other Components | CN¥1.76 Billion | 21.29% |
| Total Equity | CN¥8.26 Billion | 100.00% |
Guangdong Xinbao Electrical Appliances Holdings Co Ltd Competitors by Market Cap
The table below lists competitors of Guangdong Xinbao Electrical Appliances Holdings Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LendingClub Corp
NYSE:LC
|
$1.80 Billion |
|
ANI Pharmaceuticals Inc
NASDAQ:ANIP
|
$1.80 Billion |
|
Guangdong High Dream Intellectualized Machinery Co Ltd Class A
SHE:300720
|
$1.80 Billion |
|
Koh Young Technology Inc
KQ:098460
|
$1.80 Billion |
|
AECC Aero Science and Technology Co Ltd
SHG:600391
|
$1.80 Billion |
|
Payoneer Global Inc
NASDAQ:PAYO
|
$1.80 Billion |
|
SJW Group Common Stock
NYSE:SJW
|
$1.80 Billion |
|
Guangdong Taienkang Pharmaceutical Co. Ltd
SHE:301263
|
$1.80 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangdong Xinbao Electrical Appliances Holdings Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,588,321,495 to 8,256,792,727, a change of 668,471,232 (8.8%).
- Net income of 1,052,838,755 contributed positively to equity growth.
- Dividend payments of 327,258,312 reduced retained earnings.
- Share repurchases of 79,950,849 reduced equity.
- Other comprehensive income increased equity by 535,928,321.
- Other factors decreased equity by 513,086,683.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.05 Billion | +12.75% |
| Dividends Paid | CN¥327.26 Million | -3.96% |
| Share Repurchases | CN¥79.95 Million | -0.97% |
| Other Comprehensive Income | CN¥535.93 Million | +6.49% |
| Other Changes | CN¥-513.09 Million | -6.21% |
| Total Change | CN¥- | 8.81% |
Book Value vs Market Value Analysis
This analysis compares Guangdong Xinbao Electrical Appliances Holdings Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.50x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 11.09x to 1.50x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥1.36 | CN¥15.13 | x |
| 2010-12-31 | CN¥1.53 | CN¥15.13 | x |
| 2011-12-31 | CN¥1.71 | CN¥15.13 | x |
| 2012-12-31 | CN¥1.91 | CN¥15.13 | x |
| 2013-12-31 | CN¥2.14 | CN¥15.13 | x |
| 2014-12-31 | CN¥2.96 | CN¥15.13 | x |
| 2015-12-31 | CN¥3.15 | CN¥15.13 | x |
| 2016-12-31 | CN¥3.56 | CN¥15.13 | x |
| 2017-12-31 | CN¥4.68 | CN¥15.13 | x |
| 2018-12-31 | CN¥4.80 | CN¥15.13 | x |
| 2019-12-31 | CN¥5.36 | CN¥15.13 | x |
| 2020-12-31 | CN¥7.53 | CN¥15.13 | x |
| 2021-12-31 | CN¥7.38 | CN¥15.13 | x |
| 2022-12-31 | CN¥8.52 | CN¥15.13 | x |
| 2023-12-31 | CN¥9.22 | CN¥15.13 | x |
| 2024-12-31 | CN¥10.12 | CN¥15.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangdong Xinbao Electrical Appliances Holdings Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.75%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.26%
- • Asset Turnover: 1.08x
- • Equity Multiplier: 1.89x
- Recent ROE (12.75%) is below the historical average (14.36%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 18.10% | 4.48% | 1.50x | 2.70x | CN¥68.29 Million |
| 2010 | 17.75% | 3.77% | 1.67x | 2.82x | CN¥73.50 Million |
| 2011 | 15.34% | 3.30% | 1.63x | 2.85x | CN¥56.58 Million |
| 2012 | 15.19% | 3.65% | 1.70x | 2.45x | CN¥61.40 Million |
| 2013 | 14.55% | 3.82% | 1.49x | 2.56x | CN¥60.10 Million |
| 2014 | 9.78% | 3.76% | 1.29x | 2.01x | CN¥-4.77 Million |
| 2015 | 12.03% | 4.49% | 1.36x | 1.97x | CN¥47.92 Million |
| 2016 | 16.22% | 6.17% | 1.29x | 2.05x | CN¥165.24 Million |
| 2017 | 10.94% | 4.96% | 1.24x | 1.78x | CN¥34.99 Million |
| 2018 | 12.88% | 5.95% | 1.18x | 1.83x | CN¥112.42 Million |
| 2019 | 15.99% | 7.53% | 1.12x | 1.90x | CN¥257.42 Million |
| 2020 | 18.53% | 8.48% | 1.06x | 2.07x | CN¥514.74 Million |
| 2021 | 13.03% | 5.31% | 1.18x | 2.08x | CN¥184.19 Million |
| 2022 | 13.78% | 7.02% | 1.06x | 1.84x | CN¥263.69 Million |
| 2023 | 12.88% | 6.67% | 1.01x | 1.90x | CN¥218.31 Million |
| 2024 | 12.75% | 6.26% | 1.08x | 1.89x | CN¥227.16 Million |
Industry Comparison
This section compares Guangdong Xinbao Electrical Appliances Holdings Co Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $21,905,636,868
- Average return on equity (ROE) among peers: 14.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangdong Xinbao Electrical Appliances Holdings Co Ltd (002705) | CN¥8.59 Billion | 18.10% | 0.80x | $1.80 Billion |
| Midea Group Co Ltd (000333) | $107.50 Billion | 22.52% | 1.81x | $82.47 Billion |
| Changhong Meiling Co Ltd (000521) | $879.37 Million | 0.76% | 1.77x | $730.28 Million |
| Gree Electric Appliances Inc of Zhuhai (000651) | $107.93 Billion | 21.37% | 1.96x | $32.83 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $-842.15 Million | 0.00% | 0.00x | $3.25 Billion |
| Suncha Technology Co Ltd (001211) | $929.64 Million | 7.56% | 0.38x | $439.66 Million |
| Elec-Tech International Co Ltd (002005) | $114.44 Million | 40.36% | 2.94x | $741.10 Million |
| Zhejiang Supor Co Ltd (002032) | $905.66 Million | 11.04% | 0.85x | $5.52 Billion |
| Vatti Corp Ltd (002035) | $112.32 Million | 31.19% | 1.62x | $730.59 Million |
| CNlight Co Ltd (002076) | $388.80 Million | 2.76% | 0.26x | $355.44 Million |
| Guangzhou Seagull Kitchen And Bath Products Co Ltd (002084) | $1.15 Billion | 4.02% | 0.60x | $364.92 Million |
About Guangdong Xinbao Electrical Appliances Holdings Co Ltd
Guangdong Xinbao Electrical Appliances Holdings Co., Ltd engages in the design, development, production, and sale of household electrical appliances in China and internationally. It offers kitchen appliances, such as kettle, breakfast set, grind and brew coffee maker, pump espresso coffee maker, toaster, stand and hand blender, air fryer, grill, toaster oven, hand mixer, and kitchen machine; home… Read more